ProShares Short S&P500 (NYSEARCA:SH) Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC reduced its holdings in ProShares Short S&P500 (NYSEARCA:SHGet Rating) by 3.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 83,975 shares of the real estate investment trust’s stock after selling 3,045 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in ProShares Short S&P500 were worth $1,388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new position in ProShares Short S&P500 in the second quarter valued at about $5,334,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in ProShares Short S&P500 by 248.1% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 339,400 shares of the real estate investment trust’s stock valued at $5,600,000 after purchasing an additional 241,900 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in ProShares Short S&P500 by 140.2% in the second quarter. Commonwealth Equity Services LLC now owns 46,852 shares of the real estate investment trust’s stock valued at $773,000 after purchasing an additional 27,348 shares during the last quarter. UBS Group AG boosted its holdings in ProShares Short S&P500 by 93.8% in the second quarter. UBS Group AG now owns 4,425,545 shares of the real estate investment trust’s stock valued at $73,022,000 after purchasing an additional 2,142,369 shares during the last quarter. Finally, Oarsman Capital Inc. boosted its holdings in ProShares Short S&P500 by 43.7% in the first quarter. Oarsman Capital Inc. now owns 14,625 shares of the real estate investment trust’s stock valued at $206,000 after purchasing an additional 4,450 shares during the last quarter.

ProShares Short S&P500 Price Performance

Shares of SH opened at $15.29 on Thursday. ProShares Short S&P500 has a one year low of $13.47 and a one year high of $17.71. The stock has a 50-day moving average price of $16.32 and a 200 day moving average price of $15.91.

About ProShares Short S&P500

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ProShares Short S&P500 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P 500 Index (the Index). The S&P 500 Index is a measure of large-cap United States stock market performance. It is a capitalization weighted index of 500 United States operating companies and selected real estate investment trusts.

Further Reading

Want to see what other hedge funds are holding SH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Short S&P500 (NYSEARCA:SHGet Rating).

Institutional Ownership by Quarter for ProShares Short S&P500 (NYSEARCA:SH)

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